Panin Bank Gets US$ 20 Million LoanThe Jakarta Post, page 14, 2006-03-15
Bank Pan Indonesia (Panin Bank) secured a US$ 20 million loan from DEG, a Europe-based global finance institution, on Tuesday to help it expand its loan portfolio. The DEG is Paninís first loan in 2006 and will used to expand its lending business, particularly to export-oriented and trade finance clients. DEG is actively promoting direct financing and investments in local financial institutions that are playing a role in promoting economic growth.